Connect with us

Finance & Business

Uncovering the Paxum Bank Behind Trump Media’s $8m Russian-Tied Loan

Federal prosecutors in New York have been investigating whether Donald Trump’s media company violated money laundering statutes by receiving $8 million suspected to have ties to Russia. The inquiry has delayed the potential merger of Trump Media’s Truth Social platform with a blank check company, Digital World (DWAC). This merger would have provided the company with up to $1.3 billion in capital and a stock market listing.

The first $2 million payment to Trump Media arrived in December 2021 from Paxum Bank in the Caribbean. The wire transfer identified Paxum Bank as the beneficial owner, but the promissory note identified an entity called ES Family Trust as the lender. Two months later, ES Family Trust received an unexpected second $6 million payment.


Angel Pacheco, the trustee of ES Family Trust, was simultaneously a director of Paxum Bank. The possible Russian connection being examined by prosecutors centers on Anton Postolnikov, a relation of Putin ally Aleksandr Smirnov. Smirnov held various roles in the Russian government, including Russia’s first deputy minister of justice until 2014.

The opaque nature of the two loans caused alarm in Trump Media. In the spring of 2022, Trump Media’s then-chief financial officer Phillip Juhan weighed returning the money, but it was never returned. The two payments ostensibly came from two separate entities, Paxum Bank and ES Family Trust. The money was wired through Paxum Bank, which has a history of providing banking services for the pornography and sex worker industries.

Trump Media’s since-ousted co-founder turned whistleblower Will Wilkerson alerted the US attorney’s office for the southern district of New York to the payments on 23 October 2022. It is unclear whether Trump, who was the chairman of Trump Media at the time, was aware of the opaque nature of the two loans.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. Prosecutors need to show that the defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source. However, the optics of borrowing money from potentially unsavory sources could cloud Trump’s image as he seeks to recapture the White House in 2024.

Sources: The Guardian, Forbes

Finance & Business

BCAMS Magazine, the 24th issue!

The independent livecam industry resource for news and tips & tricks for cam models and camsites.

This October, we dive deep into the dynamic shifts impacting modern life, from consumer behavior and self-expression to wellness and groundbreaking tech innovations. Halloween highlights American spending trends, where festive traditions blend with retail habits, underscoring how cultural interests shape financial choices. The costs of influencer culture reveal a hidden toll, as aspiring creators often face debt and burnout—trading stability for the lure of online success.


Meanwhile, expressions of individuality and authenticity are challenging traditional standards in beauty and lifestyle. The rise of “ugly fashion” pushes back against conventional aesthetics and fast-fashion norms, celebrating bold originality. Simultaneously, journeys toward embracing diverse sexual identities showcase a growing societal embrace of self-discovery and the freedom to live without labels.

On the wellness front, personal and social challenges continue to intersect in complex ways. A Canadian study highlights the urgent need for addiction support in hospital care, especially for women at risk from infections linked to drug use. In an equally revealing look at cultural anxieties, the alt-right’s fixation on interracial pornography exposes unsettling fears about race and sexuality. These issues remind us of the intricate factors that influence both personal well-being and broader societal attitudes.

Finally, technology’s rapid evolution is reshaping user experiences in profound ways. Apple and Meta’s race for VR dominance promises to make virtual intimacy more immersive and accessible, signaling new horizons for sextech. Meanwhile, AgeAI—a cutting-edge age verification tool now approved in the UK—offers a glimpse into how artificial intelligence is improving retail interactions by automating age checks securely. These advancements demonstrate how tech continues to transform interactions across every corner of our lives.

As we explore these topics, we’re reminded that today’s choices in finance, self-expression, wellness, and technology are more interconnected than ever, collectively shaping the future of modern living. Enjoy the issue!

Read the full magazine here

Continue Reading

Finance & Business

BCAMS Magazine, the 22th issue!

The independent livecam industry resource for news and tips & tricks for cam models and camsites.

Welcome to June issue, where we explore the transformative impact of technology and cultural shifts across various industries. This edition features four captivating chapters that highlight significant developments in Tech & IT, Self-Care & Sexual Wellness, Finance & Business, and Beauty & Lifestyle.


In the Tech & IT section, we delve into the innovative ways Virtual Reality (VR) and Artificial Intelligence (AI) are reshaping industries. Cryos International is pioneering the use of VR in sperm donation to enhance donor experiences and improve sample quality. Meanwhile, a study using AI reveals key factors in problematic pornography use, providing valuable insights for prevention and treatment. These technological advancements underscore the profound impact of VR and AI in addressing complex issues and improving user experiences.

Our Self-Care & Sexual Wellness chapter pays tribute to historical and contemporary figures fighting for equality and protection of marginalized communities. We revisit Josephine Butler’s courageous campaign against invasive laws targeting women in the 19th century, highlighting her lasting impact on gender equality. Simultaneously, we spotlight the rising threats faced by LGBTQ+ librarians amid escalating book bans and physical attacks, emphasizing the ongoing struggle for safe and inclusive spaces.

In the Finance & Business section, we explore the burgeoning adult gaming industry and the launch of Go.Cam, an open-source age verification system. The adult games market, featuring insights from experts at Nutaku, Erolabs, Anduo Games, and Texic, is ripe with potential and creativity despite challenges like high production costs and demand. Go.Cam addresses concerns over minors’ exposure to sexual content by offering a secure, privacy-respecting age verification solution, setting a new standard in online safety.

Our Beauty & Lifestyle chapter examines the vibrant resurgence of Y2K fashion and delves into the often misunderstood world of foot fetishes. Y2K fashion is making a comeback, now with a focus on body inclusivity, challenging outdated beauty standards. Additionally, we explore the allure of foot fetishes, emphasizing the importance of consent and mutual enjoyment in sexual desires, helping to demystify this common preference.

Through these articles, we aim to provide a comprehensive understanding of how technology and cultural shifts are redefining various sectors. We hope these insights inspire a deeper appreciation for innovation, inclusivity, and the ever-evolving landscape of human expression.

Read the full magazine here

Continue Reading

Romanian Corner

Studio 6 camere, 170 mp, cladire de birouri, Piata Unirii – Natiunile Unite, chiria 1500 Euro

Studio 6 camere, situat într-o clădire de birouri la intersecția dintre Piața Unirii și Natiunile Unite. Spațiul, care se întinde pe o suprafață de 170mp, este ideal pentru un studio mic. Chiria lunară este de 1500 Euro. Pentru detalii și vizionări, contactați-ne.

Continue Reading
Advertisement amateur.tv
Advertisement Xlovecam.com
Advertisement sexyjobs.com
Advertisement modelsearcher.com
Advertisement lirapay.io

Trending